The Boring Company is an idea that Elon Musk hatched while sitting in traffic in California. Wouldn’t it be easier if there were tunnels under the city that could take us anywhere we wanted to go, in the comfort of our own cars? There are of course tunnels under the city that take people anywhere […] Tags: Elon Musk, California, Future, Transport, Boring Company Loop

Tesla can now deliver Model 3 vehicles to European customers. The automakers midsize sedan was recently granted approval from RDW, the Dutch regulator and European authority tasked by Tesla to approve the vehicle for European roads.
The approval comes just ahead of the vehicle’s European introduction next month. Right now, it’s been reported that a cargo ship full of Model 3s is currently en route to Zeebrugge, Belgium and should arrive around February 2.
The nod from the European governing body... Tags: Travel, Europe, Elon Musk, Tesla, Automotive, Model 3, Zeebrugge Belgium

Tesla has secured approval from regulators to sell its Model 3 cars in Europe, in a move that will bring it in direct competition with the likes of BMW, Volkswagen and Peugeot in their home market. Dutch vehicle authority RDW approved Tesla's request to sell the most affordable of its electric cars on Monday, meaning that British customers can order the car from next month. Production of right hand driving vehicles, the standard in the UK, is not due to start until mid 2019. The announcement... Tags: Asia, Europe, Elon Musk, UK, News, Tesla, Workers, Peugeot, Musk, BMW Volkswagen

Tesla is updating their Supercharging pricing based on local electricity rates and customer demand, which has lead to an increase in charging costs by as much as 33 percent in some regions.
The post Prices for using Tesla Supercharging jump by 33 percent in some regions appeared first on Digital Trends. Tags: Elon Musk, News, Cars, Trends, Tesla, Supercharging, Electricity Costs, Supercharging Stations

Tesla is routinely considered to be influencing the traditional auto industry.
Tesla has exerted some influence, but it has been relatively modest in the grand scheme of things.
Auto executives are too busy dealing with real business problems to worry about Tesla — and if Tesla did become truly influential, the traditional industry could quickly develop and sell millions of electric vehicles.
If you follow Tesla and the company's endless flurry of news, non-news, rumor, innuendo, and Twitteri... Tags: Apple, Facebook, Elon Musk, California, US, Trends, General Motors, Tesla, Ford, Gm, Tokyo, Chevy, Electric, Nissan, Detroit, Cadillac

Tesla is laying off 7% of its employees, CEO Elon Musk said on Friday in an email to employees, the second round of cuts the automaker has made in less than a year.
The layoffs were the right move for a company that has major expenses ahead as it prepares to build a new factory and introduce a range of new vehicles, said David Whiston, an automotive analyst at Morningstar, and Michael Ramsey, an automotive analyst at Gartner.
"I think that this shows that finally, the company or Elon … recogni... Tags: Elon Musk, California, Wall Street, US, Trends, General Motors, Tesla, Shanghai, Gartner, TSLA, Tsa, Musk, Elon, Morningstar, Ramsey, Michael Ramsey

Elon Musk’s plans for underground tunnels to solve congestion in cities are unrealistic because they are too expensive to dig, Uber has said. Speaking about its “flying car” project, the company’s aviation engineering director, Mark Moore, said the Boring Company tunnels pioneered by the entrepreneur were “one of the most expensive things you can do”. "It's a great thing if he can do it. The cost is really what he's up against. It really is incredibly expensive to dig holes under the gro... Tags: Uber, Spacex, Elon Musk, Science, America, Los Angeles, Tesla, Musk, Moore, Mark Moore, Boring Company, Hawthorne LA The

Elon Musk's electric car manufacturer Tesla announced Friday it is cutting its workforce by about seven percent in a push to keep its Model 3 affordable for middle-income consumers. Shares fell sharply following the announcement, which also signaled a tough profit road ahead for Tesla. The round of job cuts -- which follow an earlier downsizing announced in June -- comes as the envelope-pushing company faces pressure in its home market on prices from the phasing-out of a tax credit for electri... Tags: Elon Musk, News, Tesla

Elon Musk is cutting Tesla Inc.’s workforce by 7 percent — or more than 3,000 jobs — warning that the “road ahead is very difficult” in making electric cars more affordable for the mass market.
Tesla shares fell as much as 7.7 percent shortly after the start of regular trading. Musk wrote in a blog post that the Palo Alto-based company managed to eke out a profit in the final three months of 2018, though narrower than the hard-won third-quarter earnings it reported in October.
Tesla is under pre... Tags: Europe, Business, Elon Musk, Mississippi, China, Tesla, Sport, Palo Alto, Frankfurt, Soccer, Ford, SEC, Jaguar Land Rover, Audi, Nissan, Morgan Stanley

The automaker may have worked out production bugs and finally turned a profit late last year, but 2019 is off to a rocky start for Tesla. In an email to employees Friday, CEO Elon Musk said he’ll thin the company’s full-time ranks by 7 percent, warning of a “very difficult” road ahead. The news comes […]
The post Tesla Slashes Workforce, Kills Referral Program in Ongoing Search for Cash appeared first on The Truth About Cars. Tags: Elon Musk, Autos, Tesla Slashes Workforce Kills Referral Program

Tesla is laying off about 3,000 workers, the company announced Friday morning.
Shares dropped as much as 7% following the news as investors questioned what the restructuring meant for the stock.
Morgan Stanley said the move could be a sign Tesla's US market-share lead could be peaking, while an analyst at Wedbush said investors had "more questions than answers."
News on Friday that Tesla planned to lay off about 3,000 workers seemed to heighten investor worries that demand could be shrinking ... Tags: Elon Musk, California, US, Trends, Tesla, Ford, TSLA, Chrysler, Nissan, Morgan Stanley, Detroit, Jonas, Musk, Cadillac, Geely, Wedbush

Tesla announced that it would lay off 3,000 workers — 7% of its workforce.
Tesla's headcount is bloated relative to its production — it's about time the company started cutting.
CEO Elon Musk, with profits in his sights, is finally running Tesla like a real car company.
Tesla announced Friday, via a company email, that it would lay off 3,000 workers, about 7% of its headcount. Tesla also shed 9,000 workers last year.
It's about time.
For years, auto-industry veterans have commented on how Tes... Tags: Facebook, Elon Musk, California, US, Trends, General Motors, Tesla, Gm, TSLA, Toyota, Musk, FREMONT, NUMMI, CEO Elon Musk, On assembly

Elon Musk's electric car manufacturer Tesla announced Friday it is cutting its workforce by about seven percent as it works to meet its timetable for producing the Model 3. Musk said in a blog post that Tesla is making the staff cut as it aims to reach more customers who can afford its vehicles. "Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity, but succeeding in our mission is essential to ensure that the future is goo... Tags: Elon Musk, News, Tesla, Musk

Elon Musk says he has no choice but to reduce electric car manufacturer’s headcount Tesla is cutting more than 3,000 jobs, or 7% of its workforce, after experiencing a year its founder, Elon Musk, said was both its most challenging and most successful.The chief executive of the electric car manufacturer told staff on Friday that “the road ahead is very difficult” because its products were not yet affordable for most people and it was up against a big incumbent industry. Continue reading... Tags: Business, Elon Musk, Tesla, US news, Automotive Industry, Electric, Hybrid And Low-emission Cars

Tesla is cutting 7% of its full-time workforce. The company disclosed the headcount reduction in an update emailed to all employees and also posted to its website.
In the email, CEO Elon Musk says the focus must be on delivering “at least the mid-range Model 3 variant in all markets”. He also warns those employees not set to be axed that there are “many companies that can offer a better work-life balance, because they are larger and more mature or in industries that are not so voraciously compet... Tags: Asia, Europe, Elon Musk, US, Tech, Tesla, Earth, Automotive, North America, Cnbc, Musk, GAAP, Powerwall

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers.
Musk said the job cuts are because of "tiny" profits and difficulties producing the Model 3.
Musk did not specify which staff are most at risk of being fired, suggesting the layoffs could be spread throughout the company and will not have a disproportionate effect on any single division.
The move comes as Tesla seeks to prove it can become consistently profitable.
Tesla is laying off 7% of its employees... Tags: Asia, Europe, Elon Musk, London, US, Trends, Tesla, Earth, TSLA, North America, Musk, GAAP, Powerwall, Mark Matousek

Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers.
The move comes as Tesla seeks to prove it can become consistently profitable.
Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company's website.
The job cuts will impact more than 3,000 members of staff after Musk said last year that the electric carmaker had a workforce of 45,000 people. It follows a similar round of layoffs in June l... Tags: Asia, Europe, Elon Musk, US, Trends, Tesla, Earth, TSLA, Tsa, North America, Musk, Elon, GAAP, Powerwall